Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Starowl who wrote (1423)	3/27/1998 9:28:00 AM
From: Arthur	Respond to of 5944

ADPT Short Interest FWIW historical short interest. ADPT Short Interest Mar 13----- 4,344,539 Average Daily Volume 3,342,074 Feb 13------3,482,955 Average Daily Volume 3,205,037 Jan 15 ----- 3,409,345 Average Daily Volume 4,143,284 Dec 15 ---- 3,983,130 Average Daily Volume 2,515,121 Nov 14 --- 3,953,738 Average Daily Volume 1,665,517 Oct 15 ---- 3,989,261 Average Daily Volume 1,067,940 Sept 15 --- 4,122,896 Average Daily Volume 1,250,696 Aug 15 --- 3,887,111 Average Daily Volume 1,547,345 July 15 ---- 4,268,300 Average Daily Volume 1,923,100 June 13 --- 5,394,705 Average Daily Volume 2,976,276 May 15 --- 3,990,898 Average Daily Volume 1,984,526 April 15 --- 4,320,102 Average Daily Volume 2,103,363 Mar 14 ---- 4,234,466 Average Daily Volume 1,696,541 Feb 14 ---- 3,666,410 Average Daily Volume 2,076,598 Jan'15 ---- 3,545,252 Average Daily Volume 1,255,693

To: Starowl who wrote (1423)	3/27/1998 9:39:00 AM
From: Mark	Respond to of 5944

I don't think anyone's posted this. Emulex is one of ADPT's competitors, and they are having a rough time at the moment. I don't think this can be helping. Mark fool.newsalert.com Emulex Corp. Slides on Q3 Charge The Motley Fool - March 26, 1998 17:33 EMLX KNT HWP ADPT QLGC V%MFOOL P%TMF March 26, 1998/FOOLWIRE/ -- Network connectivity products maker Emulex Corp. (Nasdaq: EMLX) slid $1 7/8 to $9 7/8 after saying it will take a $13 million charge to fiscal Q3 earnings to close its manufacturing facility in Puerto Rico and put 130 workers, or 48% of its workforce, out on the street. The company plans to outsource the production of its product lines to contract electronics manufacturer K-TEC Electronics, a unit of Kent Electronics (NYSE: KNT). The company's products include fibre channel, print server, and network access products, placing it in head-to-head competition with the likes of Hewlett-Packard (NYSE: HWP), Adaptec (Nasdaq: ADPT), and QLogic Corp. (Nasdaq: QLGC). Apparently Emulex is having some trouble keeping up. According to its latest 10-Q financial report, operating expenses as a percentage of revenues jumped to 38.1% in fiscal Q2 from 33.1% the year before. Using the cost savings generated from outsourcing production is a quick way to eliminate this problem and reflects why original equipment manufacturers in general have ceded more and more of their actual manufacturing to contract electronics manufacturers like Kent.

To: Starowl who wrote (1423)	3/27/1998 11:59:00 AM
From: The Philosopher	Read Replies (3) \| Respond to of 5944

Latest First Call Estimate report updated through 3/26/98 shows consensus earnings estimates for FY 98 for $1.73 and FY 99 $1.77. Given actual 97 of $1.72, this indicates basically a zero growth earnings estimate. At $20-1/8 price when report was issued, this gave an implied P/E of 11.6 on 1998 earnings and 11.4 on 1999 earnings. Not a happy forecast in terms of looking for major price movement! The range of broker estimates is even more depressing. For FY 99, the range is $1.27 to $2.03. Thus, even at the highest estimate we have a two year growth of only 18%, or under 10% annualized. This is not consistent with a high growth company. The low estimate of $1.27 means at least one analyst is essentially saying get out of this stock at any price, its earnings will decline 26% over the next 2 years. This is not a happy estimate even for the mid-term investors among us. I have a call in to IR, but so far not returned (but to fair, I only placed it 5 minutes ago.) Will advise when/if I hear back.